The Canadian dollar rebounded from a two-week low vs. the U.S. on Monday as oil prices rose and month-end hedging flows supported FX demand. Traders are also positioning ahead of the Bank of Canada’s midweek interest-rate decision, keeping near-term direction dependent on the policy outcome.
The Canadian dollar rebounded from a two-week low vs. the U.S. on Monday as oil prices rose and month-end hedging flows supported FX demand. Traders are also positioning ahead of the Bank of Canada’s midweek interest-rate decision, keeping near-term direction dependent on the policy outcome.
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neutral
Sentiment Score
0.05
Ticker Sentiment
